Interested to Buy Any Domain ? << Click Here >> for more details...
If X is an Professional Employee of ABC Ltd. and earning
Rs.30000 pm (TDS u/s 194J is applicable) for Taxation
purpose. Car loan has been taken on his income and Car has
been registered on her wife's (spouse) name. EMI going
through "X"'s (an employee)Bank account. Can he show the
Interest on Car Loan in his IT returns???
- 2 Answers
- 4478 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / paruchurisv
yes, x is eligible for tax exemption, if he is having the proof of payment from his account.
| Is This Answer Correct ? | 1 Yes | 0 No |
How cess should be calculated. Is it calculated on assessable value of the product or on the sum of assessable value & BED.
what is e-1 sales
Explain long term capital gains and how is it different from short term capital gains?
Is it necessary to file NIL TDS return?
who is liable to pay excise duty on monthly basis?or what is slab for excise duty liable to pay for monthly,quarterly ro half yearly?
what is the difference between vat return and return for remittance on value added tax.
What is the difference between fund flow vs. Cash flow?
What is the last date for filing of returns for TDS, ESI, PF, Professional Tax, Income Tax, Service Tax and Income Tax?
21 Answers ABC, Balaji, Bony Polymers, Chetak Logistics, Classic Network, ESI, JCI, Meghmani, Nishant Mouldings, PK Power Systems, Power, SRCON, Unicorn DenMart,
How to prepare a vat return in Gujarat for firm
What is the difference between SALES TAX and VAT?,When we'll pay VAT?,and when we'll pay VAT?
When VAT 14.5% is applicable and when Work contract tax 4% is applicable? Is both are same?
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
Audit 
